Intermediary First launch new commercial mortgage products

Aimed at both owner occupied businesses and investors in residential and commercial property, they will offer a fresh solution in a sector that has suffered from restricted credit availability since the onset of the credit crunch.

Intermediary First director, Justin Marsh, commented:

“We are delighted to offer something new to help SMEs and Whiteaway Laidlaw provide flexible terms that fill a gap in the market. We expect great demand when we formally take new applications from 6th April.”

The new mortgages offer advances up to £750,000 and will be available throughout England and Wales. To ease the pressure on cash flow, critical to most businesses at the moment, there are various repayment options including interest only or full and partial capital repayments.

Investors looking to purchase or refinance property will face less stringent requirements on the rental income they need to qualify.